Shares of JK Lakshmi Cement fell nearly 4 percent after the company reported a consolidated net loss of Rs 14 crore for Q2 FY25, compared to a profit of Rs 92.7 crore in the same period last year. Revenue from operations also declined by 22 percent YoY to Rs 1,234.3 crore.
"The profitability of the company for the quarter has been impacted due to sharp drop in sales realization in our primary markets," said Vinita Singhania, Chairperson & Managing Director (CMD) of JK Lakshmi.
At 12.30 PM, JK Lakshmi's shares traded over 2 percent higher at Rs 781. The stock has fallen 14 percent year-to-date, underperforming the Nifty 50, which rose 11 percent in the same timeframe.
Sales volume for the quarter reached 24.8 lakh tonnes, down from 27.3 lakh tonnes in Q2 FY24.
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Looking ahead, the company highlighted the positive impact of increased government spending on infrastructure, especially in housing and road development, which could benefit the cement sector.
JK Lakshmi is ramping up its capacities. Its subsidiary, Udaipur Cement Works, recently doubled its clinker production to 3 million tonnes annually, and further expansions are underway. These projects include increasing grinding capacity at the Surat unit and new developments at the Durg plant, backed by loans and internal funds.
A major player in Northern, Western, and Eastern India's cement markets, JK Lakshmi is part of the JK Organisation, a 135 year old organisation with operations in India and abroad a presence in the fields of tyre, cement, paper, power transmissions, sealing solutions, dairy products and textiles.
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